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reAlpha Tech | 8-K: reAlpha Tech Corp. Announces Financial Results for the Quarter Ended March 31, 2024

reAlpha Tech | 8-K: reAlpha Tech Corp. Announces Financial Results for the Quarter Ended March 31, 2024

reAlpha Tech | 8-K：RealPha Tech Corp. 公布截至2024年3月31日的季度财务业绩
美股sec公告 ·  04/19 16:53
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On April 19, 2024, reAlpha Tech Corp., a real estate technology company, released its financial results for the first quarter ending March 31, 2024. The company, which specializes in AI-driven real estate technologies, reported a decrease in revenues to $20,426 from $111,451 in the same period the previous year. This decline was primarily due to a strategic shift in business focus towards AI technology commercialization, resulting in the disposal of rental properties and the sale of the myAlphie platform. Consequently, reAlpha experienced an increased net loss of $1,419,045 compared to $864,913 in the first quarter of 2023. The company's cash and cash equivalents stood at approximately $4.84 million as of March 31, 2024, down from $6.46 million at the end of 2023. The increased net loss was attributed to higher wages, professional and legal fees, and equity amortization of a commitment fee. Adjusted EBITDA was also negative at $(1,336,790), compared to $(775,098) in the prior year. The company emphasized its commitment to innovation in the proptech space with the launch of its AI-powered platform, GENA, and anticipates growth opportunities in upcoming quarters.
On April 19, 2024, reAlpha Tech Corp., a real estate technology company, released its financial results for the first quarter ending March 31, 2024. The company, which specializes in AI-driven real estate technologies, reported a decrease in revenues to $20,426 from $111,451 in the same period the previous year. This decline was primarily due to a strategic shift in business focus towards AI technology commercialization, resulting in the disposal of rental properties and the sale of the myAlphie platform. Consequently, reAlpha experienced an increased net loss of $1,419,045 compared to $864,913 in the first quarter of 2023. The company's cash and cash equivalents stood at approximately $4.84 million as of March 31, 2024, down from $6.46 million at the end of 2023. The increased net loss was attributed to higher wages, professional and legal fees, and equity amortization of a commitment fee. Adjusted EBITDA was also negative at $(1,336,790), compared to $(775,098) in the prior year. The company emphasized its commitment to innovation in the proptech space with the launch of its AI-powered platform, GENA, and anticipates growth opportunities in upcoming quarters.
2024年4月19日，房地产科技公司RealPha Tech Corp. 发布了截至2024年3月31日的第一季度财务业绩。该公司专门研究人工智能驱动的房地产技术，报告收入从去年同期的111,451美元下降至20,426美元。这种下降主要是由于业务重点的战略转向人工智能技术商业化，导致出租物业的出售和MyAlphie平台的出售。因此，与2023年第一季度的864,913美元相比，RealPHA的净亏损增加了1,419,045美元。截至2024年3月31日，该公司的现金及现金等价物约为484万美元，低于2023年底的646万美元。净亏损的增加归因于更高的工资、专业和律师费以及承诺费的股权摊销。调整后的息税折旧摊销前利润也为负数（1,336,790美元），而去年同期为775,098美元。该公司通过推出人工智能平台GENA强调了其对proptech领域创新的承诺，并预计未来几个季度将出现增长机会。
2024年4月19日，房地产科技公司RealPha Tech Corp. 发布了截至2024年3月31日的第一季度财务业绩。该公司专门研究人工智能驱动的房地产技术，报告收入从去年同期的111,451美元下降至20,426美元。这种下降主要是由于业务重点的战略转向人工智能技术商业化，导致出租物业的出售和MyAlphie平台的出售。因此，与2023年第一季度的864,913美元相比，RealPHA的净亏损增加了1,419,045美元。截至2024年3月31日，该公司的现金及现金等价物约为484万美元，低于2023年底的646万美元。净亏损的增加归因于更高的工资、专业和律师费以及承诺费的股权摊销。调整后的息税折旧摊销前利润也为负数（1,336,790美元），而去年同期为775,098美元。该公司通过推出人工智能平台GENA强调了其对proptech领域创新的承诺，并预计未来几个季度将出现增长机会。
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